{"id":1004304434,"date":"2019-02-28T08:44:28","date_gmt":"2019-02-28T16:44:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004304434"},"modified":"2019-02-28T08:44:28","modified_gmt":"2019-02-28T16:44:28","slug":"tampa-retail-center-trades-for-8m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tampa-retail-center-trades-for-8m\/","title":{"rendered":"Tampa Retail Center Trades for $8M"},"content":{"rendered":"<div id=\"attachment_1004304467\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Nortwest-Plaza.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004304467\" data-attachment-id=\"1004304467\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tampa-retail-center-trades-for-8m\/nortwest-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Nortwest-Plaza.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Evelyn Jozsa&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1551375881&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Nortwest Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Nortwest Plaza&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Nortwest-Plaza.jpg?w=800\" class=\"size-medium wp-image-1004304467\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Nortwest-Plaza.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Nortwest-Plaza.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Nortwest-Plaza.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Nortwest-Plaza.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004304467\" class=\"wp-caption-text\">Northwest Plaza<\/p><\/div>\n<p>ACRE Investment Co. has acquired Northwest Plaza, a 46,904-square-foot retail center in Tampa, for $7.7 million. HFF arranged the sale on behalf of the seller, a subsidiary of Cole Corporate Income Trust IV. The retail space was 94 percent leased at the time of the sale.<\/p>\n<p>Situated at 5717 Gunn Highway in Tampa\u2019s Citrus Park area, the retail center occupies 5.2 acres near Freeway 589, approximately 14 miles from the city\u2019s downtown. Additionally, the retail space is located at an intersection which provides exposure to more than 55,000 vehicles per day.<\/p>\n<p>Northwest Plaza is anchored by LA Fitness and additional tenants include DNC Supplements, LaLa Nails &amp; Salon, JJ Smoothy and Chase Bank. A non-owned Walgreens, Burger King and Shell Station are also located at the retail center.<\/p>\n<p>HFF\u2019s investment advisory team included Managing Director Brad Peterson, Senior Director Whitaker Leonhardt and Director Michael Brewster. In December, the firm also arranged the <a href=\"https:\/\/www.commercialsearch.com\/news\/hff-completes-southeast-houston-retail-asset-sale\/\">sale of a 13,905-square-foot retail<\/a> building in Clear Lake, Texas.<\/p>\n<p><em>Photo via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF brokered the sale of a 46,904-square-foot shopping center on behalf of the seller, a subsidiary of Cole Corporate Income Trust IV.<\/p>\n","protected":false},"author":871,"featured_media":1004304467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21749,1612],"tags":[44441,44444,32792],"class_list":["post-1004304434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-retail","category-tampa","tag-acre-investment-company","tag-cole-corporate-income-trust","tag-hff"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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